Industry News

Major New York Stock Exchange Co. Agrees to $250K Equipment Agreement With Environmental Infrastructure Holdings (EIHC.OB)

Posted on September 15, 2011 by Dana Salvo

WEST CONSHOHOCKEN, PA–(09/15/11)- Equisol, LLC, a wholly owned subsidiary of Environmental Infrastructure Holdings (OTC.BB: EIHC.OB – News), announced the receipt of a $250,000 contract with LyondellBasell for the design, build, and installation of multiple critical chemical feed and monitoring systems for several Cooling Towers. LyondellBasell is a major NYSE company known as one of the world’s largest plastics, chemical, and refining and chemical companies, in Houston, Texas.

Don Gibson, President of Equisol Group, stated, “This project has been a total team effort and I’m very proud of everyone’s dedication in meeting the needs of this valuable and long-term customer.” This initial project is scheduled to be completed by mid November with similar follow on contracts throughout 2012.

About Environmental Infrastructure Holdings Corp.

Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has one subsidiary Equisol, LLC as well as investments in various joint ventures and partnerships.

Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.

Vitro Diagnostic (IVD) Cancer Test Manufacture RADIENT PHARM CP (RXPC.PK) Files International Patents in Australia and New Zealand

Posted on September 14, 2011 by Dana Salvo

TUSTIN, CA–09/14/11- Radient Pharmaceuticals Corporation “the Company” or “Radient” (OTCQX: RXPC.PK -News) (Pinksheets: RXPC.PK – News), a developer and marketer of In Vitro Diagnostic (IVD) cancer tests, today announced it has filed for patent protection for its proprietary Onko-Sure® cancer test in Australia and New Zealand.

“Building an intellectual property position in foreign markets protects and supports sales of our proprietary Onko-Sure® cancer test globally. Both Australia and New Zealand have highly developed healthcare markets where we believe Onko-Sure® can add value as a minimally invasive, relatively low cost cancer diagnostic,” stated Radient Chairman and CEO Douglas MacLellan.

The Onko-Sure® test kit is a 96-well ELISA test kit sold to clinical reference labs. Labs run individual tests prescribed by doctors. Blood samples can be run, in duplicate, for 40 people, on each test kit. Onko-Sure® is a non-invasive cancer blood test that has been shown, in a large body of published clinical research, to be effective in the detection of 19 different cancers.

For additional information on Radient Pharmaceuticals Corporation and its products visit: www.radient-pharma.com or e-mail info@radient-pharma.com. For Investor Relations contact Dilek Mir at: ir@radient-pharma.com or 714-881-0244.

The following table is intended to provide the latest information on Radient’s business metrics:

About Radient Pharmaceuticals:

Headquartered in Tustin, California, Radient Pharmaceuticals Corporation is dedicated to saving lives and money for patients and global healthcare systems through the deployment of its FDA-cleared In Vitro Diagnostic Onko-Sure® cancer test kit for colorectal cancer treatment and recurrence monitoring. The Company’s focus is on the discovery, development and commercialization of unique high-value diagnostic tests that will help physicians answer important clinical questions related to early disease state detection, treatment strategy, and the monitoring of disease progression or recurrence. To learn more about our company, products, and potentially life-saving cancer test, visit www.radient-pharma.com.

Forward-Looking Statements:

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this document include certain predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, the performance of joint venture partners, as well as other economic, competitive and technological factors involving the Company’s operations, markets, services, products, and prices. With respect to Radient Pharmaceuticals Corporation, except for the historical information contained herein, the matters discussed in this document are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.

Imperial Announces Record Biodiesel Sales of $106 Million

Posted on September 12, 2011 by Dana Salvo

IPMN Imperial Petroleum, Inc. (OTCQX: IPMN) announced today that its wholly-owned subsidiary, e-Biofuels, LLC, produced and sold approximately 26 million gallons of transportation biodiesel in the Company’s most recent fiscal year ending July 31, 2011 resulting in revenues of approximately $106 million.

Jeffrey T. Wilson, President of Imperial said, “We’re very excited about the Company’s growth prospects. As a result of the turnaround of the biodiesel operations and robust demand for the product created by the RFS2 (Renewable Fuel Standard) our Company is set to experience built-in revenue growth for fiscal 2012 based on a full year of operation at plant capacity. At the Middletown, Indiana facility’s current production rates, the Company is on pace to produce in excess of 34 million gallons of fuel in fiscal 2012 or an annual increase of about 30%.

“In the fourth quarter of fiscal 2011 we settled or resolved all of the past vendor and litigation issues that had faced e-Biofuels at the time of its acquisition by the Company, we extended our credit facility and we can now focus on our efforts to expand operations in both biofuels and oil sand production and refinance of the Company’s debt. We are excited about the opportunity to share our unique story with the investment community at the Rodman & Renshaw Global Investment Conference in New York City.”

About Imperial Petroleum

Imperial Petroleum, Inc. is a diversified energy company headquartered in Evansville, Indiana. The Company is engaged in three principal areas of energy production: (i.) biodiesel and biofuels production; (ii.) traditional oil and gas exploration and production and (iii.) non-traditional oil production of heavy oil from mineable tar sands. For more information, visit the Imperial Petroleum corporate web site at: www.imperialpetroleuminc.com.

Small Cap Stock Industrial Nanotech, Inc. (INTK) Reports Energy Saving Project with Textile Manufacturer Arik Bey Tekstil

Posted on by Dana Salvo

NAPLES, Fla.–Industrial Nanotech, Inc. (Pink Sheets:INTK.pk – News), an emerging global leader in nanoscience energy saving solutions, announced today that their Turkish distributor, Kolorgen Ltd, has completed installation of the Company’s patented Nansulate® thermal insulation coatings at the Beysehir, Konya, Turkey location of Arik Bey Tekstil Enerji ve Sinai Yatirimlar A.S. Nansulate® High Heat thermal insulation and corrosion prevention coating was used for insulation of dyeing machines and associated steam pipes to reduce energy consumption, lower surface temperature, and reduce carbon emissions. Once the initial project is complete, the project will continue at each of their two factories, the other is located in Istanbul, Turkey. Photos of the project are available at www.nansulate.com/arikbey.htm.

“We are now at a stage that we are getting recognition from many other industries,” stated Vedat Bilgin, President, Kolorgen Ltd. “Over and over again, both in Turkey and other countries, we have proven to several industries that Nansulate® surpasses all other forms of insulation in terms of energy saving capability, durability and long service life in harsh environments. We now have a few ongoing projects with some leading textile companies in Turkey and abroad, as well as companies in other industries.”

Francesca Crolley V.P. Business Development, Industrial Nanotech, Inc., explains, “We have a very successful track record in the textile manufacturing industry for providing energy savings through insulation of equipment such as dyeing machines, steam pipes, boilers, and heat exchangers. We’ve worked with numerous textile companies, such a Coats plc who expects to reduce their steam consumption by 10 percent and their global carbon footprint by 2%, Henateks Textile, who documented an average 20% reduction in liquid natural gas with a 7 month payback, and numerous others, to reduce their energy savings significantly through use of Nansulate® advanced insulation technology. Our textile and other manufacturing clients have been very pleased with the multiple benefits the coatings offer, which are energy cost savings, reduction of carbon emissions, and improved worker safety by reducing surface temperature and heat expelled into the environment.”

Arik Bey Tekstil Enerji ve Sinai Yatirimlar is owned by Akkanat Holding, a diversified group of companies, active in textiles, power generation and tourism. Arik Bey is a contract supplier for adidas, and both locations are listed on their July 2011 List of Authorized Suppliers – London 2012 Olympic and Paralympic Games.

About Nansulate®

Nansulate® is the Company’s patented product line of award winning, specialty coatings containing a nanotechnology based material and which provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth, fire resistance, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. Nansulate® products are made in the USA. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter:www.twitter.com/NanoPioneer, Facebook: www.facebook.com/Nansulate.

About Industrial Nanotech Inc.

Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council and an official ALLY organization with the U.S. Dept. of Energy “Save Energy Now”program. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.

Imperial Petroleum, Inc. Announces Supply Agreement for Biodiesel Production

Posted on September 1, 2011 by Dana Salvo

EVANSVILLE, Ind.– Imperial Petroleum, Inc. (OTCQX: IPMN) announced today that it has executed a Letter of Engagement with Green Grease Solutions, LLC, one of New Jersey’s leaders in feedstock, to secure a two year supply of feedstock for its Middletown, Indiana biodiesel operations operated by a wholly-owned subsidiary of the Company, e-Biofuels, LLC.

As part of the Agreement, through Augsburg Energy, LLC, a Commodity Trading Advisor and NFA member firm that offers hedging of any position and protects clients’ exposure in alternative energy, other commodities and financial, Imperial, to secure its gross margins in the production of biodiesel, will begin hedging its biodiesel fuel production during the period of the supply contract.

Jeffrey T. Wilson, President of Imperial said, “We are very excited to strengthen our relationship with our primary feedstock supplier – Green Grease Solutions, LLC – and to secure a longer term Feedstock Supply Agreement for our biodiesel operations. The arrangement with Green Grease Solutions, LLC demonstrates its confidence in our growing biofuels business and our mutual commitment to the future expansion opportunities for both companies.”

“Furthermore,” Mr. Wilson stated, “the opportunity to offset risk and protect our gross margins on biodiesel production through Augsburg Energy’s multi-faceted hedging approach removes a significant exposure variable and permits the Company to increase production and revenue aggressively.”

About Imperial Petroleum, Inc.

Imperial is an energy company headquartered in Evansville, Indiana. The Company is engaged in three principal areas of energy production: (i) biodiesel and biofuels production, (ii) traditional oil and gas exploration and production and (iii) non-traditional oil production of heavy oil from mineable tar sands.

Industrial Nanotech, Inc. (INTK.PK) Rallies on Shipment 2,973 Gallon Order of Nansulate® Nanotechnology

Posted on August 22, 2011 by Dana Salvo

NAPLES, Fla.–Industrial Nanotech, Inc. (Pink Sheets:INTK.pk – News), an emerging global leader in nanoscience energy saving solutions, announced today that they have begun shipment of 2,973 gallons of the Company’s patented Nansulate® Translucent PT insulation and corrosion control coating to industrial contractor, Montaco, who will be applying the product on fuel oil storage tanks at the Porto refinery in Portugal beginning late August through September 2011. The Porto refinery is also known as Matosinhos refinery, owned by Galp Energia. This order represents a sale amount of over $225,800.

“This is our second project at Galp Energia’s Matosinhos refinery. We fulfilled an order for our first project there last year to insulate and prevent corrosion on an oil pipeline. This recent order will be used to insulate and protect vital fuel oil storage tanks,” stated Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. “As a result of the two projects at the Matosinhos refinery, we have now received other requests for refinery and biofuel project specifications, including one for a 185,000 m3 bunkering terminal and another for 6000 m2 fuel storage tanks. Nansulate® coating technology represents an innovation in insulation, combining thermal barrier properties with corrosion control, UV and moisture resistance, to provide a long-term and durable solution that maintains its integrity over time. It’s a natural fit for refineries of all types, from oil and gas to biofuel and biodiesel, to reduce energy costs while also lowering maintenance costs for their equipment. Additionally, it is an example of a nanotechnology based invention that is from U.S. ingenuity, U.S. manufactured, and is helping reduce energy consumption and provide protective solutions around the world.”

Galp Energia SGPS SA, Portugal’s biggest oil company, plans to invest 5.2 billion euros ($6.5 billion) through 2013 as it develops projects including Tupi, the biggest oil discovery in the Americas in three decades. Galp plans to spend 2.2 billion euros on its refining and marketing division, mostly on conversion projects at its Sines and Porto refineries as it tries to increase diesel output and improve refining margins. Galp Energia acquires from several suppliers the crude oil that is processed in its refineries at Sines and Porto. These refineries have a total refining capacity of 310 thousand barrels of crude oil a day, or 20% of the Iberian Peninsula’s refining capacity. Read the rest of this entry »

Imperial Provides Update on Operations

Posted on August 11, 2011 by Dana Salvo

EVANSVILLE, Ind.– Imperial Petroleum, Inc. (OTCQX: IPMN) is providing the following update on its Company operations.

“We have purchased an initial site comprising 121 acres in Kentucky for the installation of our oil sands processing unit and have begun a program to lease surrounding acreage to increase our overall acreage position in this area and begin mining operations in October, 2011,” Jeffrey T. Wilson, President of Imperial said. “We have established an operating facility in Houston, Texas for our subsidiary, Imperial Chemical Company, to manufacture SANDKLENE 950 in connection with the oil sands operations. Our traditional oil and gas operations continue producing at normal rates and we sold approximately 3,100 barrels of oil in July from the property.”

Mr. Wilson continued, “Biodiesel production and sales remain strong as a result of the mandated biodiesel fuel usage included in the Renewable Fuel Standard (RFS2) legislation and we expect to post a strong fourth quarter when our annual audited financials are released in October, 2011.

“Although the recent turmoil in the financial markets has resulted in a flight from the equity markets, including smaller growth stocks such as ours, and has resulted in a recent decline in our stock price, the fundamental progress and growth of the Company remains quite strong.”

This press release may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Blue Bamboo P25-M Printer/Card Reader Showcased in Sprint® Biz360 TV Ad Campaign

Posted on August 10, 2011 by Dana Salvo

FORT LAUDERDALE, Fla.– Jeffrey Schultz, Redfin Network, Inc., (OTCQB:RFNN) (www.redfinnet.com), President and CEO, announced today that Sprint® has launched its Biz360 TV and print campaign http://biz360.sprint.comfeaturing the Blue Bamboo P25-M card reader and printer, distributed by Aircharge® (www.aircharge.com), as part of its business on-the-go suite of products integrated with smart phones for mobile transaction processing.

http://www.facebook.com/video/video.php?v=10100335220651957&oid=8389383510&comments

About RedFin Network

RedFin Network, Inc. is a payment solutions provider, operating a powerful Payment Gateway used to perform Secure Electronic Payment Processing. RedFin Network specializes in providing reliable and robust solutions to e-Commerce and Mobile Commerce, offering a comprehensive yet simple, suite of Products and Services. The RedFin Network Payment Gateway is CISP (Cardholder Information Security Program) and PCI (Processor Card Industry) compliant. Redfin Network is the exclusive distributor in North America for Blue Bamboo (www.bluebamboo.com) and HIOPOS (www.hiopos.com) transaction processing hardware.

Biotech Developer Divine Skin (DSKX) Debuts New Hair-Growth Molecule Nanoxidil

Posted on August 2, 2011 by Dana Salvo

MIAMI BEACH, Fla., Aug. 2, 2011 — Hair-growth developer Divine Skin Inc. (DSKX) introduced a new molecule, Nanoxidil, designed to stimulate follicles at the vertex of the scalp and surpass minoxidil for efficacy and tolerability. The innovative new compound offers unique advantages for penetration and persistence because its molecular weight is lower than that of minoxidil, a chemical on the market for 30 years now.

“This is a significant step forward in topical therapy, and we are very excited,” said Daniel Khesin, CEO of Divine Skin.

He added that new products could be brought to market quickly since Nanoxidil did not require health-agency approval in most countries. He anticipated that Divine Skin would see significant revenue from Nanoxidil, which resulted from a five-year research-and-development effort.

Spectral.DNC-N, part of the DS Laboratories brand, would be the first treatment to employ Nanoxidil 5%, which could eventually succeed minoxidil as the new standard for topical treatment.

Nanoxidil’s precise mechanism of action is still under study. Researchers expect it to potentiate desirable properties and mitigate side effects, compared to minoxidil. Studies of minoxidil have shown it to open ion channels, induce resting follicles into growth phase, increase follicle size, relax vascular smooth muscle, and stimulate vascular endothelial growth factor. Nanoxidil’s lower molecular weight may boost its absorption properties for greater efficacy.

“We expect Nanoxidil to become a powerful force in the fight against thinning and shedding hair, working faster and better with enhanced tolerability,” predicted Khesin. “It may allow more patients to maintain their hair, and it may work for patients who have not responded to standard minoxidil therapy.”

Standard & Poor’s Initiates Factual Stock Report Coverage on Imperial Petroleum, Inc. (IPMN.OTCQX)

Posted on July 29, 2011 by Dana Salvo

July 26, 2011 — Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Imperial Petroleum, Inc.

Imperial Petroleum, Inc. is a diversified energy company headquartered in Evansville, Indiana. The company engages in three principal areas of energy production: biodiesel and biofuels production, traditional oil and gas exploration and production, and non-traditional oil production of heavy oil from mineable tar sands.

On May 24, 2010, the company acquired e-Biofuels, LLC, an Indiana-based biodiesel producer. The company has expanded production capacity to approximately 30 million gallons per year. e-Biofuels uses waste greases and oils including premium white grease (chicken fat) as its primary feedstock for the production of its product. Biodiesel sales for the quarter ended April 30, 2011, were approximately $36.5 million on volumes of about 8.7 million gallons.

The primary feedstock used to make biodiesel at the e-Biofuels plant facility is premium white grease (chicken fat) which is purchased as needed from various suppliers in open-market transactions. Additional feedstocks that could be used, depending upon cost, include vegetable oils, mineral oils and animal oils and fats. Biodiesel is a petroleum diesel fuel substitute that has gained acceptance as a renewable alternative to regular petroleum diesel. In general, biodiesel is added to diesel in amounts ranging from 5% to 20% by volume, according to the company.

S&P Factual Stock Report coverage on Imperial Petroleum, Inc. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.imperialpetroleuminc.com for additional information.